Begbies Traynor trading as expected through third quarter

(Sharecast News) - Begbies Traynor said in an update on Thursday that trading in its third quarter remained in line with board expectations, with financial performance across both divisions meeting forecasts. The AIM-traded business advisory specialist highlighted a strong pipeline and sustained high activity levels, reaffirming its full-year outlook.

It said it expected to continue its track record of growth, adding that it would provide a full-year trading update in May.

"We have maintained the strong performance reported at the half year, and continue to see encouraging activity levels and positive momentum across the group," said executive chairman Ric Traynor.

"With recent reports of rising insolvencies and business financial distress, market conditions remain supportive.

"We therefore continue to invest in and develop our teams to take advantage of opportunities for growth."

At 1058 GMT, shares in Begbies Traynor Group were up 1.7% at 95.8p.

Reporting by Josh White for Sharecast.com.